Canada to Open First Refinery in Decades in Glutted Fuel Market

Canada to Open First Refinery in Decades in Glutted Fuel Market
It seemed like a good idea at the time.

That said, the refinery probably isn’t worth the money, Auers said.

“They are paying $9 billion to build that plant and its only processing 50,000 barrels a day of bitumen,” he said. “It was not good investment by the crown.”

To contact the reporter on this story: Robert Tuttle in Calgary at rtuttle@bloomberg.net.

To contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net, Margot Habiby, Carlos Caminada


12

View Full Article

WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.


Most Popular Articles